It is one of the oldest credit unions in the state of Alabama. Alabama State Employees Credit Union was found in 1954. It was meant particularly for the employees of Alabama. Since it got the grant of Community Charter in 2001, its membership was expanded to people living or working in Montgomery and the nine surrounding counties. While receiving great support from its members it expanded its product and service offerings. It has been continuously receiving the 5-star Superior Rating from Bauer Financial, Inc., the nations’ leading independent credit union research firm.
Its deposit accounts offer dividends on higher rates. It enables you to multiply your savings. To start with you can open a Share Certificate account ranging from 6 months to 4 years and earn the following interest rates:
– 6 Month Certificate earns you 3.55% interest, 3.60% APY.
– 1 Year Certificate earns you 3.60% interest, 3.65% APY.
– 2 Years Certificate earns you 3.65% interest, 3.70% APY.
– 3 Years Certificate earns you 3.70% interest, 3.75% APY.
– 4 Years Certificate earns you 3.75% interest, 3.80% APY.
@ The above rates have been noted as on 12 Novemeber, 2008.
@ Penalties apply for early withdrawals.
@ Your funds are insured by NCUA up to $250,000.
You are eligible for its membership if you live, work, attend school or worship in Montgomery, Autauga, Elmore, Bullock, Macon, Lowndes, Crenshaw, Pike or Butler. You need a minimum of $26 to open the savings account ($1 is the opening fee, while $25 will always remain in the account at all the times).
There are 37 service centers in Alabama and more than 1175 nationwide. These centers can be used for making deposits, withdrawals, loan payments, inquiries and transfers. For additional information you may call 334-270-9011 or mail using this form https://www.asecu.org/about/contact.aspx.